New Delhi: Showcasing robust investor confidence, India Inc saw impressive 195 deals worth $8.4 billion in the month of July, a 16 per cent jump in volumes, a report said on Tuesday.

Private equity (PE) deal activity continued to lead the volumes for the month, contributing to 57 per cent of the overall volumes while mergers and acquisitions (M&A) activity led the values with a 59 per cent contribution, according to ‘Grant Thornton Bharat Dealtracker’.

“India Inc’s remarkable surge in deal activity reflects growing investor confidence. The highest monthly M&A volumes, driven by significant domestic deals, and the resurgence in cross-border activity highlight India’s position as a pivotal growth market,” said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.

The PE landscape recorded 98 deals worth $2.2 billion, reflecting a 0.5 per cent increase in value. Despite lower overall volumes, the average deal size rose to $22 million, driven by seven high-value transactions worth $1.4 billion.

The energy and natural resources sector, along with banking and financial services, captured 46 per cent of the total PE investment values.